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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (7612)	3/5/1999 4:40:00 PM
From: StockOperator	Read Replies (1) \| Respond to of 99985

Market closed very strong. At the highs of the day. As far as a crash up on the avgs. It depends on the time frame of that move. If we continue to take off at the beginning of next week. I would be suspect of this rally. Things are often seldom what they seem on wall street. Recently many have been calling for a break to the downside pointing to the market's weak breadth and rising rates. Like I said earlier that call was too easy. The same thing applies to any move to the upside here. Every advance should be somewhat orderly with the proper amount of backing and filling. The NAZ still has that gap on a intraday basis which needs to be filled. Besides seeing the needed strength from the rest of the market. So, I am bullish and have been for some time. Being extremely cautious after a break of any consolidation is the way to play it. Just my opinion. Good trading. SO